'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Tuesday, November 1, 2011

A choppy trading today as shown from this 5-min. chart of the YM futures.

It resist from the 11600 level, looks like it is in the form of consolidation prior to Fed meeting tomorrow.

Let's see if it will bounce back from the bottom.